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On the 26th September 1923, German Chancellor Gustav Stresemann ended passive resistance in the Ruhr and resumed the payment of First World War reparations. By doing so he was able to slow down the economic crisis that was enveloping the country and show that he accepted the international realities of the new era. Although greeted with anger from both Left and Right Wing parties, Stresemann’s actions laid the foundation for the economic recovery that Germany experienced up until the onset of the Great Depression.
The 1921 London Schedule of Payments set out both the reparations amount, and the timetable over ... |